Bitcoin Nears $60,000, Poised for Largest Single-Day Drop Since FTX Collapse

Odaily News Bitcoin has fallen over 10% in the past 24 hours, briefly dropping to $63,000, marking its lowest level since October 2024 and potentially recording its largest single-day decline since the 2022 FTX incident. The selling pressure has spread to precious metals and U.S. stocks, with thin liquidity exacerbating a cascade of liquidations. Analysts point out that the $58,000 to $60,000 range, where the 200-day moving average lies, may serve as a key support level, with no clear bottoming signal yet in sight. (CoinDesk)